Beef Carcass Price Equivalent Index Value
NW_LS410
Des Moines, IA     Tue, Aug 13, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $194.12             $169.15
 Change =>                       3.79                1.32
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Current Index Reflects the Equivalent of 108,270 head of cattle.
SUPPLY (Live)  56,224 Hd
Equivalent:                   $173.89             $149.72
DEMAND (Box)   52,046 Hd*
Equivalent:                   $214.36             $188.58
Live-Box Spread:             ($40.47)            ($38.86)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $226.36
                  Weight   Price     Head      : Se 600-900#          $200.58
  Live Steer:          1405   $112.57    24,689: Current Lds:           173.5
  Live Heifer:         1257   $111.53     8,342: Previous Lds:          151.1
  Drsd Steer:           910   $181.91    17,574
  Drsd Heifer:          810   $180.77     5,619
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      Grading % Breakdown            :         Drop Credit      :        9.00
 Ch 600-900# :                 81.89%:         Steer Dressing % :      63.46%
 Ch 600-750# :                 32.78%:         Heifer Dressing %:      63.39%
 Ch 750-900# :                 49.11%:         Processing Cost  :       12.00
 Se 600-900# :                 18.11%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.24%:
 Se 750-900# :                 11.87%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 194.12                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -31.43    -17.97               -4.50    -17.67
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 Prime 1-3            17.07   $179.76   $193.22   $211.19   $206.69   $193.52
 Certified 1-3         5.06   $167.75   $181.21   $199.18   $194.68   $181.51
 Choice 1              3.86   $166.55   $180.01   $197.98   $193.48   $180.31
 Select 1            -19.76   $142.93   $156.39   $174.36   $169.86   $156.69
 Stndrd 1-3          -31.63   $131.06   $144.52   $162.49   $157.99   $144.82
 Prime 4               4.36   $167.05   $180.51   $198.48   $193.98   $180.81
 Choice 4            -11.21   $151.48   $164.94   $182.91   $178.41   $165.24
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*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LPGMN@ams.usda.gov
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